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Emerson launches SpeedWise Reservoir Opportunity solution

Technology

Emerson has announced the release of SpeedWise Reservoir Opportunity (SRO), a fully-automated, cloud-native analytics solution developed in collaboration with Quantum Reservoir Impact (QRI)

The solution applies advanced computational algorithms and data mining techniques to multidisciplinary data to increase production, reserves and capital efficiency. Workflow automation cuts workloads from months to weeks, resulting in shorter decision-making cycles and better risk management.

SRO features automated geo-engineering workflows for identifying and ranking recompletion, vertical sweet spots, and horizontal wells. By analysing historical field performance and benchmarking against analog assets, the flexible framework intelligently picks the optimal parameters for the identification process, tailored to address the unique geological and engineering challenges posed by each field.

The application enables reservoir teams to break down multi-disciplinary silos to help mitigate missing and incomplete data for more confident development planning. They work in a collaborative, secure cloud-based environment, resulting in much more efficient teamwork, and can collaboratively visualise and analyse ranked opportunities. Once ranked, results can be accessed through an interactive visualisation dashboard.

SpeedWise Reservoir Opportunity is now commercially available and is licensed as a software-as-a-service (SaaS) solution, accessed online via subscription.

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